By Houston Business Journal

Energy Holdings International Inc. has signed a memorandum of understanding to develop a 200 megawatt, $400 million power plant in Bangladesh.

Through a wholly owned subsidiary, EHII signed the deal with the Bangladesh Power Development Board for a single cycle electrical power generation plant with room to expand to a 450 MW combined cycle facility.

Houston-based EHII (NYSE: EGYH) is currently talking with a handful of engineering, procurement and construction contractors to build the plant while EHII will serve as the independent power producer.

Copyright 2010 American City Business Journals
Copyright 2010